POSCO Daewoo Opens 5-star Hotel in Myanmar's Yangon

September 11, 2017 08:35l09 11, 2017 11:46

POSCO Daewoo has opened Lotte Hotel Yangon on September 8 in Myanmar's capital Yangon. The five-star hotel, located near Inya Lake in the central business district of the city, consists of a 15-story hotel building (343 rooms) and a 29-story long-term serviced apartment building (315 rooms). POSCO Daewoo is responsible for the overall management while Lotte Hotels and Resorts taking charge of daily management.

POSCO Daewoo's Kim Young-sang said in congratulatory remarks, "This hotel, which will surely become a landmark in Myanmar, is the outcome of trust and business capability that POSCO Daewoo has accumulated for the past 30 years. From now on, we will engage in a variety of businesses with Myanmar such as food production and private-sector power generation."